{"id":18168,"date":"2020-07-22T13:36:54","date_gmt":"2020-07-22T04:36:54","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=18168"},"modified":"2024-01-30T10:16:57","modified_gmt":"2024-01-30T01:16:57","slug":"samsung-ct-q2-2020-earnings","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2020-07-samsung-ct-q2-2020-earnings\/","title":{"rendered":"Samsung C&amp;T Q2 2020 earnings"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18168\" class=\"elementor elementor-18168\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6bdb1d0b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6bdb1d0b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-380a56ab\" data-id=\"380a56ab\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-579bf7e elementor-widget elementor-widget-text-editor\" data-id=\"579bf7e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Samsung C&amp;T\u2019s efforts to improve profitability in addition to performance gains at subsidiary BioLogics have led to an increase in quarter-over-quarter (QoQ) operating profit, despite a drop in year-over-year (YoY) revenue due to COVID-19 and completion of large-scale projects, etc.<\/p><p>KRW 7.223tn in revenue and KRW 238bn in operating profit, QoQ decrease in revenue by 749bn (9.4%), increase in operating profit by 17bn (7.7%)<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44ad524 elementor-widget elementor-widget-heading\" data-id=\"44ad524\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Overall Performance<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec778bb elementor-widget elementor-widget-text-editor\" data-id=\"ec778bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 7.223tn, YoY decrease by 749bn (9.4%) from 7.972tn in Q2 2019<\/p><p><strong>Operating Profit: <\/strong>KRW 238bn, YoY increase by 17bn (7.7%) from 221bn<\/p><p>Revenue fell YoY due to the negative impact of COVID-19 on demand, commodity prices, and domestic consumption, etc.<\/p><p>Operating profit, however grew YoY, driven by increased capacity utilization at BioLogics.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52651c6 elementor-widget elementor-widget-heading\" data-id=\"52651c6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Engineering & Construction Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73dd846 elementor-widget elementor-widget-text-editor\" data-id=\"73dd846\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 2.842tn, YoY decrease by 310bn (9.8%) from 3.152tn<\/p><p><strong>Operating Profit: <\/strong>KRW 148bn, YoY decrease by 10bn (6.3%) from 158bn<\/p><p>Revenue fell slightly YoY due to completion of major projects, etc. but operating profit was maintained at a similar level thanks to continuous efforts to improve profitability.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a99870 elementor-widget elementor-widget-heading\" data-id=\"9a99870\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trading & Investment Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4c422f elementor-widget elementor-widget-text-editor\" data-id=\"b4c422f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 3.017tn, YoY decrease by 548bn (15.4%) from 3.565tn<\/p><p><strong>Operating Profit: <\/strong>KRW 13bn, YoY decrease by 14bn (51.9%) from 27bn<\/p><p>Revenue and operating profit declined YoY on account of weak global trading volume\/commodity prices due to COVID-19.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-420e77f elementor-widget elementor-widget-heading\" data-id=\"420e77f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fashion Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2e81d1 elementor-widget elementor-widget-text-editor\" data-id=\"f2e81d1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 377bn, YoY decrease by 39bn (9.4%) from 416bn<\/p><p><strong>Operating Profit: <\/strong>KRW 1bn, YoY decrease by 9bn (90.0%) from 10bn<\/p><p>Revenue and operating profit fell YoY due to slowdown in domestic consumption.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e41eb84 elementor-widget elementor-widget-heading\" data-id=\"e41eb84\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Resort Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73982e0 elementor-widget elementor-widget-text-editor\" data-id=\"73982e0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 680bn, YoY decrease by 81bn (10.6%) from 761bn<\/p><p><strong>Operating Profit: <\/strong>KRW 6bn, YoY decrease by 47bn (88.7%) from 53bn<\/p><p>Revenue and operating profit fell on account of decline in demand for leisure products\/services.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Samsung C&amp;T\u2019s efforts to improve profitability in addition to performance gains at subsidiary BioLogics have led to an increase in quarter-over-quarter (QoQ) operating profit, despite a drop in year-over-year (YoY) revenue due to COVID-19 and completion of large-scale projects, etc. KRW 7.223tn in revenue and KRW 238bn in operating profit, QoQ decrease in revenue by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-18168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-sustainability"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Samsung C&amp;T Q2 2020 earnings - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2020-07-samsung-ct-q2-2020-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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